Which of the Following Is NOT a Device to Reduce

question 215

Multiple Choice

Which of the following is NOT a device to reduce transaction costs?

• A) shopping centers
• B) auto dealers located close together
• C) government prohibitions on advertising
• D) banks that direct funds from savers to borrowers

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Definitions:

Good Manners

Social behaviors that are considered polite and respectful in various cultures and societies.

Roommate

A person with whom one shares a living facility such as a room or apartment but is not related or romantically involved.

Experienced Learning

The process of acquiring knowledge or skills through direct participation or involvement in activities or events.

Observational Learning

The process of acquiring skills, knowledge, or behavior by watching and imitating others.